Waystar (NASDAQ:WAY) CMO Melissa (Missy) Miller Sells 3,400 Shares of Stock

Waystar Holding Corp. (NASDAQ:WAY) CMO Melissa (Missy) Miller sold 3,400 shares of Waystar stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $37.00, for a total value of $125,800.00. Following the completion of the sale, the chief marketing officer directly owned 193,261 shares of the company’s stock, valued at approximately $7,150,657. The trade was a 1.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Waystar Stock Performance

Shares of NASDAQ WAY traded up $0.06 during trading on Thursday, reaching $37.04. 1,575,831 shares of the company traded hands, compared to its average volume of 2,091,860. The firm has a 50 day simple moving average of $37.06 and a 200-day simple moving average of $37.60. Waystar Holding Corp. has a 52-week low of $29.50 and a 52-week high of $48.11. The stock has a market capitalization of $7.09 billion, a PE ratio of 59.74, a P/E/G ratio of 0.57 and a beta of 0.64. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 0.38.

Hedge Funds Weigh In On Waystar

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Waystar by 35.5% during the third quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company’s stock valued at $466,030,000 after buying an additional 3,219,586 shares during the last quarter. Alliancebernstein L.P. increased its stake in Waystar by 3,883.4% in the second quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock worth $133,601,000 after purchasing an additional 3,186,869 shares during the period. Artisan Partners Limited Partnership bought a new position in Waystar in the third quarter worth approximately $95,497,000. Invesco Ltd. lifted its stake in Waystar by 9,107.1% in the first quarter. Invesco Ltd. now owns 2,040,285 shares of the company’s stock worth $76,225,000 after acquiring an additional 2,018,125 shares during the period. Finally, Alyeska Investment Group L.P. lifted its holdings in Waystar by 4,717.4% during the third quarter. Alyeska Investment Group L.P. now owns 1,814,648 shares of the company’s stock worth $68,811,000 after buying an additional 1,776,979 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WAY shares. Wall Street Zen raised Waystar from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Barclays initiated coverage on shares of Waystar in a report on Tuesday, October 14th. They issued an “overweight” rating and a $50.00 price objective on the stock. Citizens Jmp assumed coverage on shares of Waystar in a report on Thursday, September 18th. They set a “mkt outperform” rating and a $48.00 target price for the company. JMP Securities initiated coverage on shares of Waystar in a research note on Thursday, September 18th. They set a “market outperform” rating and a $48.00 price target on the stock. Finally, Canaccord Genuity Group set a $54.00 price objective on Waystar in a research note on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Waystar currently has an average rating of “Buy” and an average price target of $48.69.

About Waystar

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.